Sukanya Samriddhi Account Scheme / Yojana was one of great initiative of narendra modi government back in year of 2014. Daily Tool provides tool to calculate maturity amount of Sukanya Samriddhi Account Scheme / Yojana, as well as each year wise statistics.
Sukanya Samriddhi Account Calculator
How to use above Sukanya Samriddhi Account Scheme / Yojana Calculator
First of all let's understand little bit about Sukanya Samriddhi Account Scheme /Yojana. Sukanya Samriddhi Account can be only opened for girl child aged up to 10 year. Maturity duration of this account is 21 years, and money can only be withdrawn after age of girl child reaches 18 years.
Rate of interest: At present (FY 2016-17) Sukanya Samriddhi Account provides interest rate of 8.6% per anumm. Interest earned is yearly compounded.
Usage of DailyTool's Sukanya Samriddhi Account Scheme is very simple. You just need to enter girl child's age, and money you wish to deposit on monthly basic. After this entry you just need to perform calculation.
Let's understand this by example. Mrs.Shah is mother of lovely daughter of 2 years of age. Mrs.Shah want to invest some amount of money on monthly basis for her daughter, so that it will be useful for her daughter's higher education or marriage. After figuring out all financial estimates, Mrs.Shah has decided to invest one thousand rupees every month. In order to calculate maturity amount and year wise account summary, Mrs.Shah need enter "Monthly Deposit Amount" which will be 1000 in this case. In "Age" field Mrs.Shah need to select 2 year as her daughter is two years old. It's time to perform calculation now, and it'll show all detailed summary data with useful charts and quick summary.